Hollywood Strikes Aren’t Putting a Damper on Fall Film Festivals

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Hollywood Strikes Aren’t Putting a Damper on Fall Film Festivals
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A walkout by superstars Matt Damon and Emily Blunt from the glittering London premiere of Oppenheimer marked the opening shot of Hollywood’s actors strike — crystallizing the image of red carpets drained of glamour.

Yet less than two months after that mid-July show of defiance, and with no resolution to the strike on the horizon, Hollywood luminaries could still light up the premieres at the Toronto International Film Festival next week.

Cameron Bailey, chief executive officer of the Toronto festival, expects a good turnout for his event, which begins Sept. 7. It will feature foreign films, including an opening night gala for Japanese director Hayao Miyazaki’s latest animated picture The Boy and the Heron. It will also host the world premiere of Dumb Money, about the 2021 battle between hedge funds and small investors in GameStop Corp. shares.

The festivals seemed like they might have ended up on the cutting room floor after the Screen Actors Guild walked out last month. The actors joined the Writers Guild of America, which has been on strike since May over issues including pay and compensation from streaming services. Only 15% of the 261 films in the Toronto lineup are covered by contracts with the two striking US unions, according to Bailey. The majority are international films — roughly 70% coming from outside of North America.

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